Best Forex Trading Apps in Nigeria | Top 5 For Android & iOS in 2020

This post will give you a list of the best Forex trading apps in the Nigeira. The list contains 5 platforms which are considered the best in the industry.

Are you looking for a suitable and comfortable platform to trade the foreign exchange market? If yes, then you are in the right place.

As we all know, the foreign exchange market is a financial market where variety of instruments are exchanged for one another. In the case of currency exchange, a currency is bought, and another one is simultaneously sold.

The major problem traders have is that, they find it difficult to identity the best platforms to trade their assets and thereby make repeated losses.

This prompted us to give you a list of mobile trading apps with the tightest spreads, comfortable trading conditions, and very little or no commission.

Therefore, if you are a trader or an aspiring trader and you do not know the best platform to trade financial instruments, keep reading this post and make your choice from the list.

Best Forex Trading Apps For Android & iOS Device

5. LiteForex

LiteForex trading platform provides users with a friendly interface for trading in financial markets. The app allows users to trade the Forex, crypto, and stock markets on-the-go.

Best Forex trading apps

The high tech Forex app permits users to also copy the trades of most successful traders and also receive additional revenue for copying. It is one of the best Forex trading apps.

All you have to do is to install the Forex app on your phone, and you will get access to variety of methods for trading financial markets.

Features:

  • Free demo account for trading simulation
  • Over 150 trading instruments
  • Latest Forex volatility charts
  • Availability of different payment options
  • Graphical and technical analysis tools

How to download the LiteForex App

  1. Go to the app store of your Android or iOS device. Click here to download it directly from the google play store.
  2. Search for “LiteForex”.
  3. Click on “install”, and wait for the process to begin and end.

4. FXTM Trader

This particular trading platform is highly recommended for Nigerian traders who wish to deposit their funds in Naira(NGN). You also get to trade over 250 financial instruments which include FX, indices, commodities, equities and Cryptos.

Best Forex trading apps

The Forex Time (FXTM) trading app allows users to access all trading accounts in one place. Also you can browse real time currency rates and up-to-the minute charts anytime, anywhere.

Features:

  • Trade over 250 financial instruments on your mobile device
  • A new demo account after registration
  • Very low minimum deposit
  • Very tight/little spreads
  • Swift trade execution
  • Detailed trading dashboard
  • Symbol specifications
  • Payment in Naira(for Nigerians).

How to download the FXTM Trader app.

  1. Go to the app store of your Android or iOS device. Click here to download it directly from the google play store.
  2. Search for “FXTM”.
  3. Start downloading and wait for the process to finish up.

3. FxPro CTrader

Trade the world’s financial markets online with the FxPro CTrader, which brings  a stunning trading platform to your mobile. Financial instruments like FX, indices, metals, energies are traded on the app.

Best Forex trading apps

The app has attractive spreads from as low as 0 pip on FX majors, like the EUR/USD pair. Over 100 CFD instruments are available to trade on the platform. Experience ultra-fast execution and very competitive pricing offered on FX Pro.

Features:

  • Advanced charting tools
  • 5 types of charts
  • 26 time frames
  • 57 technical indicators
  • Single tap order execution
  • Over 20 languages available
  • Regular delivery of financial market news
  • Detailed and informative trade history
  • Fibonacci Retracement.

How to download the FxPro App

  1. Go to the app store of your device. Click here if you are using an android device.
  2. Search for “FxPro CTrader”.
  3. Tap “install” and patiently wait for the process to complete.

2. Meta Trader 4

The Meta Trader 4 Forex trading app was created and developed by the Meta Quotes Software corp.

The app was designed to help you as a trader to control your trading account, trade and also analyze the Forex market using indicators and other graphical objects.

Mt4

MT4 gives you access to trade the Forex market by selecting from its hundreds of brokers and thousands of servers. Sounds good right? Certainly, it does!

Now let’s go into the features of this MT4 app and know its capability.

Features:

  • Realtime quotes of the Forex market
  • All the types of market orders/execution
  • Detailed trading history
  • Customizable chart schemes
  • Free financial news
  • Connect with over 100 Forex brokers
  • Free demo account for trading simulation

Technical Analysis:

  • Real time charts with zoom and scroll options
  • 30 of the most efficient technical indicators
  • 9 time frames
  • 3 types of charts
  • 24 analytical objects

How to download MT4 mobile app.

  1. Visit the app store of your mobile device(android or iOS). Click here to download it if you are using an android device.
  2. Search for MT4 app
  3. Download and wait for the installation process to complete.

1. Meta Trader 5

The Meta Trader 5 app is so far the best platform to trade the Foreign Exchange Market.

Moreover, asides from trading the Forex market, the MT5 app allows you to trade other financial instruments like CFDs, futures, options and stocks. Also, you get access to trade via your mobile phone or tablet!

Mt5

This platform allows traders connect to brokers’ servers, receive currency quotes, and financial markets ananlysis making use of real time charts and a variety of technical indicators.

In addition, it is absolutely free to download and make use of. That is, you don’t have to pay to start using the MT5 platform to trade financial instruments. Also, you get to receive financial news on a regular basis for free!

You can make use of this app anywhere in the world. It is available for download on the Google Play and iOS store. Let’s take a look at the features of the MT5 trading app.

Features:

  • Real time Forex and stock market quotes
  • All types of trade execution/order
  • Level II prices with up to 32 quotes
  • Detailed trading history
  • Customizable markets chart color schemes
  • Regular financial reports/news
  • Up to 100 Forex/stock brokers
  • Chat with other traders using the platform
  • Free demo account to simulate trading

Technical Analysis:

  • 9 time frames
  • 3 types of charts(lines, bars, and candlestick)
  • 24 analytical objects
  • Zoom and scroll options and charts
  • 30 most popular/efficient indicators
  • Open, close and modify your trade position

How to download the MT5 mobile app

  1. Visit the app store of your mobile device(android or iOS). Click here if you are using an android device.
  2. Search for MT5 app
  3. Download and wait for the installation process to complete.

Conclusion

In conclusion, the above platforms have come into our list of the best Forex trading apps in nigeria, based on a survey we have conducted. You are advised to make further enquiries before making use of them.

To get more information and updates on the Foreign Exchange Market, subscribe to our newsletter. In the same vein, you can share this post with others who might need it.

I Would Love To Hear From You

error: Content is protected !!